A whale who bought Ethereum during its ICO days just woke up—and the numbers are wild.
🐋 A Wallet From the Past
A crypto wallet that hadn’t moved in 10 years just transferred 1 ETH. This wallet was part of Ethereum’s Genesis event. Back then, it bought 1,000 ETH for just $310. Now, that’s worth over $2.44 million.
Yes, that’s a 787,000% gain. Not a typo.
People are wondering—was this a test? Or is the whale getting ready to sell?
📈 Whale Waves and Weird Moves
Whale activity is heating up. Just last week, another whale splashed $10 million into ETH.
Another ancient wallet—this one got 2,000 ETH for $620—is now worth over $5 million. Looks like the Ethereum class of 2015 is back from vacation.
💸 Should We Be Nervous?
ETH has been hovering around $2,500 for a while. With old wallets waking up, folks think whales might start taking profits.
And here’s the twist: short positions on ETH are piling up. If the price pops, shorts might get squeezed hard.
📊 Big Money’s Still Interested
In Q2 2025, ETH gained nearly 35%. ETFs are loving it—BlackRock’s ETHA led a $283 million inflow streak, now going 7 weeks strong.
Footnote: “Genesis event” = the official Ethereum launch in 2015. “Short squeeze” = when people betting a price will fall are forced to buy in as it rises, pushing it up more.


